Doing Business in Austria

EENI- School of International Business

Subject - Doing Business in Austria. Vienna. Syllabus:

  1. Introduction to the Republic of Austria (the European Union)
  2. The Austrian Economy
  3. Doing Business in Vienna
  4. The Austrian Foreign Trade
  5. The Foreign Direct Investment (FDI) in Austria
  6. Main Austrian Companies
  7. Access to the Austrian Market
  8. Business Plan for Austria

The objectives of the subject “Doing Business in Austria” are the following:

  1. To analyse the Austrian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Austrian Market
  3. To analyse the trade relations of Austria with the country of the student
  4. To know the free trade agreements of Austria as a member of the EU
  5. To develop a business plan for the Austrian Market
The subject “Foreign Trade and Business in Austria” is studied...
  1. Doctorate: Europe
  2. Professional Master's Programs (e-learning): European Union, International Business

Recommendations for the Austrian Students

Course learning materials in English + Spanish Austria French Autriche Portuguese EU.

  1. Credits of the subject “Doing Business in Austria”: 1 ECTS
  2. Duration: one week

Description of the Subject: Doing Business in Austria

The Republic of Austria (Europe)

  1. Capital: Vienna
  2. Languages: German (official), Hungarian and Slovenian
  3. Area: 83,871 square kilometres
  4. Population: 8.5 millions of people
  5. Type of Government: Parliamentary Federal Republic
  6. Borders of Austria: The Czech Republic, Germany, Slovakia, Hungary, Slovenia, Italy, Switzerland and Liechtenstein
  7. Austria is a landlocked country
  8. Religion in Austria: Catholicism -73% of the population- (Christianity)
  9. Austria belongs to the Western Christian Civilisation (European Economic Area)

The Economy of Austria.

  1. The Republic of Austria is one of the richest countries in the world, with a per capita income of 38,500 Euros
  2. Austria is the eleven economy of the European Union
  3. GDP (nominal): 398 millions of dollars
  4. Major economic downturn in 2011
  5. Currency: Euro
  6. Austria joined the European Union in 1995
  7. Main economic sectors: tourism, vehicles, foods, machinery, chemical products, paper

The Austrian Foreign Trade.

  1. The Main Austrian Exports are machines, vehicles, paper, foods, chemical products, steel, textiles
  2. Germany is the largest trading partner of Austria
  3. The Top Austrian Export Markets are Germany (31%), Italy, Switzerland, the United States
  4. The main Origin of the Austrian imports are Germany (45), Switzerland, Italy, the Netherlands
  5. As a member of the European Union, Austria is the beneficiary of the Free trade agreements of the EU with South Africa, South Korea, India, Mexico, the MERCOSUR, etc

International economic relations of Austria

  1. The European Union
  2. Organisation for Economic Cooperation and Development (OECD)
  3. World Bank
  4. Central European Initiative
  5. International Chamber of Commerce
  6. Regional Cooperation Council
  7. Economic Commission for Europe (UNECE)
  8. Inter-American Development Bank
  9. International Monetary Fund (IMF)
  10. World Trade Organisation (WTO)
  11. United Nations
  12. European Investment Bank (EIB)
  13. European Bank for Reconstruction and Development
  14. Organisation for Security and Cooperation in Europe (OSCE). The headquarters of the OSCE is in Vienna
  15. Asia-Europe Economic Meeting (ASEM)
  16. Group of States of the Council of Europe Convention against the corruption (GRECO)

Austria is also an observer country in the Organisation of the Black Sea Economic Cooperation

Examples of the subject - Foreign Trade and Business in Austria:
Central European Initiative (CEI)

European Union-South Africa Trade Agreement

European Union-Central America Free Trade Agreement

Regional Cooperation Council



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